Note 8 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	December 31,
	2016			2015
Current
Federal	$	-		$	(18,817	)
State		-			-
Total Current		-			(18,817	)
Deferred
Federal		(3,576,728	)		(361,830	)
State		(360,676	)		(37,606	)
Total Deferred		(3,937,404	)		(399,436	)
Total Income Tax Provision	$	(3,937,404	)	$	(418,253	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	December 31,
	2016			2015
Computed income taxes at 34%	$	(4,229,129	)	$	(570,954	)
Increase in income taxes resulting from:
State and local income taxes, net of federal impact		(373,158	)		(50,378	)
Change in valuation allowance		389,672			-
Stock-based compensation		262,136			137,296
Other		13,075			65,783
Provision (benefit) for income taxes	$	(3,937,404	)	$	(418,253	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	December 31,
	2016			2015
Deferred tax assets
Reserves and accruals	$	239,216		$	237,411
Amortization		99,646			136,673
Capital losses and other		870			-
Non-qualified stock option expense		389,672			406,896
Tax credits		113,000			113,000
Loss Carryforwards		5,949,635			2,003,303
Total deferred tax assets		6,792,039			2,897,283
Valuation allowance		(389,672	)		-
Net deferred tax assets		6,402,367			2,897,283
Deferred tax liabilities					-
Depreciation		(6,870,932	)		(7,314,326	)
Total deferred tax liabilities		(6,870,932	)		(7,314,326	)
Net deferred tax assets (liabilities)	$	(468,565	)	$	(4,417,043	)